Edwards: S&P will plummet, we will see new lows below 666 level

General Electric is planning to eliminate 6,500 jobs in Europe and General Motors raised its earnings projections by 5 percent. Ameera David weighs in. Then, Erin Ade sits down with Robert Neuwirth, author of “Stealth of Nations: The Global Rise of the Informal Economy,” to talk about the underground economy.

After the break, Bianca Facchinei takes a look at why the Feds are investigating high-end property in New York City and Miami. Afterwards, Ameera and Erin discuss the record-breaking powerball lottery. And in The Big Deal, Ameera and Edward Harrison talk about what’s in store for the global economy.